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Oct 18 - 06:55 AM

USD/JPY - Looking Tired But Trend Not About Turn Just Yet

By Peter Stoneham  —  Oct 18 - 05:28 AM

  • Six-week bull run beginning to look tired and corrective risk increasing

  • However, wouldn't be looking for a deep pullback against the trend

  • A minimum correction off the Sept. 15-Oct. 15 climb is at 113.20

  • Oct 13-14 lows join the Fibo at 113.21-23

  • A significant way marker for bulls at 114.55, Oct 2018 high

  • We prefer to wait for stronger signals or trend resumption before trading

    For more click on FXBUZ








USD/JPY daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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